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Tag Archive for ‘Economy’

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Social Media Group, Liberian Electorial Colllege (LEC) Desribes Legislature’s Action, Overreach

“Our total disagreement and concern is with the overreach of this bill which in effect disenfranchises these individuals from exercising their political choice. It would seem by doing so would be penalizing them for having rendered invaluable services to the country. We are all aware of the role played by the bank in the negotiations and the arduous work done by it toward meeting the benchmarks that were required by the IMF and World Bank for external debt relief. We are also aware of the bank’s continuing astute management over the financial system of Liberia in adopting sound policies for the growth and expansion of the economy. We are cognizant of the low savings rate and depth of non-performing loans which have been some of the major challenges facing the banking system. The bank’s role in channeling loanable funds to underserved segments of the population should be embraced and further harnessed”.

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Sierra Leone: Furious Over Destruction of Country’s Economy by London Mining, Journalists Write Pres. Koroma

Sierra Leone: Furious Over Destruction of Country’s Economy by London Mining, Journalists Write Pres. Koroma.

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Sierra Leone: Furious Over Destruction of Country’s Economy by London Mining, Journalists Write Pres. Koroma

“Companies, including London Mining, are even bringing in foreign catering companies to prepare among other dishes local food such as rice and cassava leaf for workers.
By way of finding a suitable entry point into the country and cognizant of the fact that the country has a big unemployment issue, the companies use fabulous and catchy phrases such as ‘African Minerals to provide 35,000 jobs’ and ‘London Mining promises 50,000 jobs’ but alas as soon as they enter into operation they start doing something entirely different and the sad thing is that there is often nobody to check that out”.

Africa Economy Swells, Fueled by Natural Resources Despite Global Stagnation

“Among many other benefits, human development can help drive Africa’s structural transformation by speeding both the rate of innovation and uptake of new technologies,” said Pedro Conceição, Chief Economist at UNDP’s Regional Bureau for Africa. “But for this to happen, more attention should be paid to improving access to and quality of education and healthcare systems, transforming agriculture and fostering job creation in order to narrow income inequalities.”

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